Precious Metals Experience Volatility Amidst Economic Uncertainty
TD Securities activated a new long gold trade at $1,994 with a target of $2,150, saying that the gold market selloff is nearly done and prices will be heading to new all-time highs next. The new peak TD Securities is waiting for is $2,150, which it sees gold reaching towards the end of the year. Evidence suggests that gold bulls still have some trading flows to invest and push prices higher.